Verisk
Verisk Analytics is a publicly traded data analytics and risk assessment firm serving the global insurance industry with subscription-based predictive models, catastrophe modeling platforms, and specialized data sets for property and casualty insurers, reinsurers, and insurance intermediaries.
- Company typePublic
- Founded1971
- HeadquartersJersey City, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingSoftware
What Verisk does
Verisk Analytics, Inc. is a data analytics and risk assessment firm headquartered in Jersey City, NJ, founded in 1971 as Insurance Services Office (ISO) and publicly traded on NASDAQ as VRSK since its 2009 IPO. The company operates as a data utility for the global insurance industry, serving over 30,000 clients with a dominant 40-50% market share in US property and casualty insurance analytics. Its core platform includes Synergy Studio (a cloud-native catastrophe risk management system integrating Touchstone, Touchstone Re, and AnalyzeRe), Xactimate property claims estimation software used in over 90% of US insurance claims, Verisk Ignite cloud-based policy management, the Verisk Model Exchange vendor-neutral ecosystem hosting 20+ third-party providers and 400+ peril models, and ClaimSearch, an industry-wide claims and fraud detection database. Specialized sub-products include Verisk Underwriting Intelligence, XactRestore, CargoNet for cargo theft intelligence, and the Predictive War Index ML model.
Verisk firmographics
Firmographics- Name
- Verisk
- Legal name
- Verisk Analytics, Inc.
- Website
- https://verisk.com
- Company type
- Public
- Founded year
- 1971
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Verisk Analytics is a publicly traded data analytics and risk assessment firm serving the global insurance industry with subscription-based predictive models, catastrophe modeling platforms, and specialized data sets for property and casualty insurers, reinsurers, and insurance intermediaries.
- Ownership category
- akta.pro rank
Verisk industry classification
Industry- Product category
- Insurance Data Analytics and Risk Assessment
- NAICS
- Computer Systems Design and Related Services (54151)
- akta.pro primary industry
- Risk Modeling & Pricing Analytics (FSAOAIAA)
- akta.pro secondary industries
- Catastrophe Risk Modeling & Analytics Services (FSAOACAL), Risk Scoring, Hazard & Geospatial Analytics (FSAOAIAE), Claims & Loss Analytics (incl. Reserving Support) (FSAOAIAF)
Keywords
Where Verisk is headquartered
LocationHeadquarters
- HQ city
- Jersey City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Verisk business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Insurance Data Subscriptions: Verisk generates approximately 90% of sales from subscription-based data services, with over 80% of revenue coming from prepaid annual subscriptions or long-term agreements. Approximately 70% derives from U.S. property-and-casualty insurers.
- Catastrophe Modeling Services: Subscription-based catastrophe modeling services through Synergy Studio platform providing risk assessment for insurance, reinsurance, and capital markets organizations.
- Claims Analytics: Claims analytics solutions including ClaimSearch database, Xactimate estimation software, and fraud detection services used across the insurance industry.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise subscription pricing for insurers |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels4 records
Verisk product offering
Product offeringCore offering
Verisk is a data analytics and risk-assessment firm that sells subscription-based predictive models, catastrophe modeling platforms, and specialized insurance datasets to property and casualty insurers, reinsurers, brokers, and MGAs. Its core deliverables are Xactimate (the de facto US property claims estimating software), the Synergy Studio catastrophe risk platform (integrating Touchstone, Touchstone Re, and AnalyzeRe), the Verisk Model Exchange open modeling ecosystem, Verisk Ignite cloud policy administration, ClaimSearch fraud and claims analytics, and ISO regulatory-grade statistical reporting and endorsements.
Product overview
Verisk operates as a data analytics and technology company serving the global insurance industry with a platform-plus-modules architecture. The core offerings include Verisk Synergy Studio (cloud-native catastrophe risk platform integrating Touchstone, Touchstone Re, and AnalyzeRe), Xactimate (property claims estimating software used in over 90% of US claims), Verisk Ignite (cloud-based policy management), and Verisk Model Exchange (open catastrophe modeling ecosystem with 20+ third-party providers). These are supplemented by specialized analytics including Verisk Underwriting Intelligence, XactRestore, ClaimSearch, and Verisk CargoNet. Recent expansion includes life insurance through FAST and SuranceBay acquisitions, and AI integration via Model Context Protocol connectors into Anthropic's Claude for conversational access to insurance data. The company generates approximately 80% of revenue from US property-and-casualty insurers through subscription-based data services.
Differentiator
Problem solved
Functional benefit
Brands
- Synergy Studio: Cloud-native catastrophe risk management platform integrating Touchstone, Touchstone Re, and AnalyzeRe capabilities for enhanced portfolio analytics.
- Verisk Underwriting Intelligence
- Verisk XactRestore
- Verisk Ignite
- Verisk CargoNet
- Predictive War Index
- Verisk Model Exchange
Products and services
- Verisk Synergy Studio Cloud-native catastrophe risk management platform integrating Touchstone, Touchstone Re, and AnalyzeRe capabilities into a single solution, providing portfolio analytics, data ingestion, and faster analysis of large portfolios for insurance and reinsurance clients.
- Xactimate Property claims estimating software used in over 90% of US insurance claims, enabling contractors and insurers to create standardized detailed repair estimates for property insurance claims.
- Verisk Ignite End-to-end cloud-based policy administration platform enabling insurers to manage the policy lifecycle with high automation and digital insurance operations, including connectivity to insurer panels and MGAs.
- Verisk Model Exchange Open, vendor-neutral catastrophe risk modeling ecosystem hosting over 20 third-party model providers offering over 400 peril models, enabling side-by-side model comparison and standardized analysis for insurers and reinsurers.
- ClaimSearch Insurance industry claims database aggregating claims data across carriers and supporting fraud detection, anomaly identification, and now social media investigative reports via the Pilotbird integration.
- Verisk CargoNet Cargo theft trend data platform recording incidents and estimated losses across the US supply chain, providing theft risk ratings per county, stolen vehicle counts, and commodity theft data for trucking and logistics operators.
- Verisk Underwriting Intelligence Model Context Protocol connector providing insurers with conversational access to loss cost trends and filing signals from ISO inside Anthropic's Claude AI, delivering hundreds of hours in annual underwriting savings per carrier.
- Verisk XactRestore Property restoration pricing and estimating intelligence connector available through Anthropic's Claude AI, providing 30 minutes to two hours time savings per estimate for restoration professionals.
- ISO Endorsements Standardized insurance policy endorsements issued by ISO for use by carriers, including three generative AI exclusion endorsements released in January 2026 for cyber and commercial general liability policies.
- Predictive War Index Machine learning model for predicting military conflicts and political violence risk; back-testing showed it would have predicted the Iran war with a 66% probability 1.5 months before it broke out on February 28, 2026, used by reinsurers and capital markets participants.
- FAST and SuranceBay Life and Annuity Platforms Life and annuity insurance platforms acquired to expand Verisk into life insurance, including FAST (acquired December 2019) for digital support of brokers and MGAs and SuranceBay (acquired July 2025 for $162.5 million) for life and annuity product offerings.
Quantifiable outcome
- Over 80% of US insurers use Verisk tools
- +6 more outcomes
Companies that use Verisk
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles6 records
Verisk technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability10 records
Feature10 records
Verisk partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- KatRiskcoreKatRisk joined Verisk Model Exchange platform to expand access to third-party catastrophe risk insights for insurers and reinsurers. KatRisk's models covering inland flood, storm surge, tropical cyclone wind, severe convective storm, wildfire, and earthquake will expand access to specialized catastrophe insights for new geographic territories and emerging perils. The platform hosts over 20 third-party model providers and 400+ peril models.
- One Call / Applied SystemscoreOne Call launched Zen Insurance, a digital-first car insurance brand in the UK, leveraging Verisk Ignite's cloud-based policy management platform and Applied Systems Europe's Applied Rating Hub. The platform enables high automation across the policy lifecycle with online self-service capabilities, connecting to over 30 personal lines insurers and 100+ products through a single real-time integration.
- AnthropiccoreVerisk integrated its insurance analytics into Anthropic's Claude AI through Model Context Protocol connectors, enabling underwriters and claims professionals to access regulatory-grade data via natural language within a secure, governed environment. Two connectors launched: Verisk Underwriting Intelligence (loss cost trends, ISO filing signals) and Verisk XactRestore (property repair estimating). Estimated efficiency gains of hundreds of hours per carrier annually in underwriting and 30 minutes to two hours per estimate for restoration contractors.
- SnowflakecoreVerisk and Snowflake partnership helps P&C insurers modernize statistical reporting compliance by combining Verisk's regulatory expertise and statistical plan logic with Snowflake's cloud-native AI-ready data platform. The integrated solution enables insurers to transform raw data into ISO statistical reporting without data movement, using automated data mapping, validation, and transformation to reduce manual workflows and operational costs.
- RoofrcoreRoofr and Verisk integration allows roofing contractors to order Xactimate ESX measurement file add-ons directly through the Roofr platform, enabling seamless upload into Xactimate software without manual redrawing of roof estimates. This integration saves contractors time, reduces operational costs, and improves accuracy on insurance claims-related jobs. Roofs account for more than one-third of property insurance claim costs.
Scale indicators15 records
Recent moves7 records
Expansion highlights6 records
Verisk competitors and assessment
Company assessmentEmerging players
- MSCI: MSCI provides subscription-based analytics and indices for global investment and ESG decision-making. Comparable business model (high-margin subscription data analytics with proprietary datasets), but a different primary buyer (asset managers and pension funds rather than P&C insurers).
Direct peers
- RMS (Risk Management Solutions): RMS, owned by Moody's, is a leading catastrophe risk modeling platform serving insurers and reinsurers. RMS competes directly with Verisk's Touchstone, Touchstone Re, and Synergy Studio platforms in the catastrophe modeling market.
- Guidewire Software: Guidewire provides core insurance software platforms (PolicyCenter, ClaimCenter, BillingCenter) for P&C insurers. While more focused on core systems than analytics, both Verisk and Guidewire serve the same US P&C insurance buyer with deeply embedded workflow software, competing for IT budget share and increasingly partnering on integrations.
- CoreLogic: CoreLogic provides property data, analytics, and risk management services for insurers, real estate, and mortgage industries. Overlaps with Verisk's property analytics, claims, and underwriting data franchises in the US market.
- CCC Intelligent Solutions: CCC provides cloud-based claims, repair estimation, and telematics platforms for P&C insurers and automotive ecosystem participants. CCC's estimating software competes with Xactimate in property claims and directly overlaps with Verisk's claims analytics franchise.
Broad incumbents
- Munich Re: Munich Re is a global reinsurer and provider of reinsurance-related risk analytics and NatCat services (including own cat-modeling capabilities). Comparable as a reinsurance risk analytics buyer-of-data and producer-of-insights with overlap in catastrophe risk modeling workflows where Verisk's Touchstone Re and Model Exchange are positioned.
- Moody's Corporation: Moody's owns both RMS (catastrophe modeling — direct competitor to Verisk) and broader credit ratings and analytics. Comparable as a subscription-based data and analytics incumbent serving financial-services risk decision-makers, with a material insurance-vertical presence via RMS.
- Intercontinental Exchange (ICE): ICE operates regulated exchanges and data/analytics services across financial and commodity markets, including fixed-income and mortgage data. Comparable as a subscription-based data utility with strong switching costs, though more focused on capital-markets data than insurance-specific analytics.
- S&P Global: S&P Global is a large data, analytics, and ratings provider across financial services, including insurance and reinsurance through its Ratings, Market Intelligence, and Commodity Insights segments. Comparable as a broad incumbent data utility with subscription economics, though its insurance-specific exposure is smaller than Verisk's.
Others
- Palantir Technologies: Palantir provides enterprise data integration and analytics platforms (Foundry, AIP) used by some insurers and reinsurers for risk and operational analytics. Adjacent rather than directly competitive — represents an alternative stack for analytics that could, in some workflows, displace parts of Verisk's data utility.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Verisk social profiles
Digital presenceVerisk financial estimates
Financial estimateRevenue estimate
Valuation estimate
Verisk leadership team
Management profileNumber of profiles
Profiles2 records
Verisk subsidiaries and ownership
Company hierarchySubsidiaries19 records
Verisk funding detail
Funding detailFunding overview
Funding rounds5 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Verisk M&A and investment
M&A and investmentM&A47 records
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Verisk
What does Verisk do?
Verisk is a data analytics and risk-assessment firm that sells subscription-based predictive models, catastrophe modeling platforms, and specialized insurance datasets to property and casualty insurers, reinsurers, brokers, and MGAs. Its core deliverables are Xactimate (the de facto US property claims estimating software), the Synergy Studio catastrophe risk platform (integrating Touchstone, Touchstone Re, and AnalyzeRe), the Verisk Model Exchange open modeling ecosystem, Verisk Ignite cloud policy administration, ClaimSearch fraud and claims analytics, and ISO regulatory-grade statistical reporting and endorsements.
Is Verisk a public or private company?
Verisk is a public company. It is classified as public and is currently operating.
When was Verisk founded?
Verisk was founded in 1971. It employs 5,001 to 10,000 people.
Where is Verisk based?
Verisk is headquartered in Jersey City, United States, in the North America region.
How does Verisk make money?
Three revenue lines are on record. Insurance Data Subscriptions are the primary driver. The others are catastrophe Modeling Services and claims Analytics.
Who are Verisk's main competitors?
MSCI is listed as an emerging player. Direct peers are RMS (Risk Management Solutions), Guidewire Software, CoreLogic and CCC Intelligent Solutions. Broad incumbents are Munich Re, Moody's Corporation, Intercontinental Exchange (ICE) and S&P Global. Palantir Technologies is listed as an others.
Does Verisk have an API?
Yes. Verisk offers standardized Model Context Protocol (MCP) connectors that integrate its insurance analytics into Anthropic's Claude AI platform. The company launched two initial connectors: Verisk Underwriting Intelligence (providing loss cost trends and filing signals from ISO) and Verisk XactRestore (supporting property restoration professionals with pricing and estimating intelligence). Additionally, CyberCube's Portfolio Manager Probabilistic Modeling API integrates into Verisk Model Exchange, enabling (re)insurers to analyze cyber catastrophe portfolios within natural catastrophe risk workflows. The integrations provide conversational, natural-language access to regulatory-grade data within governed enterprise environments. Developer documentation is at www.verisk.com.
What industry is Verisk in?
Verisk's product category is Insurance Data Analytics and Risk Assessment. Its primary akta.pro industry code is FSAOAIAA, Risk Modeling & Pricing Analytics, with a secondary code of FSAOACAL, Catastrophe Risk Modeling & Analytics Services. Its NAICS code is 54151.